{"id":6049,"date":"2016-08-03T16:44:29","date_gmt":"2016-08-03T07:44:29","guid":{"rendered":"https:\/\/www.squareyards.com\/blog\/?p=6049"},"modified":"2025-08-07T12:06:03","modified_gmt":"2025-08-07T06:36:03","slug":"gst-likely-get-rajya-sabha-nod-homebuyers-real-estate-sector-gain","status":"publish","type":"post","link":"https:\/\/www.squareyards.com\/blog\/gst-likely-get-rajya-sabha-nod-homebuyers-real-estate-sector-gain","title":{"rendered":"GST likely to get Rajya Sabha nod; homebuyers, real estate sector to gain"},"content":{"rendered":"<p>GST, once implemented, will replace multiple taxes such as VAT\/CST, excise duty etc with a single tax, reducing cost for all the players and thus increasing the demand in the real estate sector. <span style=\"color: #00ccff; border-left: 4px solid #00ccff; margin: 30px 0; width: 100%; float: left; padding: 0px 20px; font-size: 18px;\">\u201cGST is a long awaited tax reform but its impact on real estate would be felt most on new constructions. This is because, it will seek to merge various taxes on building materials into one thus benefitting builders who would like to pass it on to the buyers. However, it remains to be seen, what would be the rate of this single tax to gauge its real impact on new launches. With improved economic environment, we are hopeful of a positive impact on real estate industry.\u201d &#8211; Vivek Aggarwal, Principal Partner, Square Yards <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GST, once implemented, will replace multiple taxes such as VAT\/CST, excise duty etc with a single tax, reducing cost for all the players and thus increasing the demand in the real estate sector. \u201cGST is a long awaited tax reform but its impact on real estate would be felt most on new constructions. This is [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":6050,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[234],"acf":[],"_links":{"self":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/6049"}],"collection":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/comments?post=6049"}],"version-history":[{"count":8,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/6049\/revisions"}],"predecessor-version":[{"id":1082524,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/6049\/revisions\/1082524"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/media\/6050"}],"wp:attachment":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/media?parent=6049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/categories?post=6049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}